The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-19
PACIFIC COAST EVENTS.
CALIFORNIA; New Governor-Dramatic Style
in Which Fair Saved the Nevada Bank.

Special to the IndianaooIis Journa!.
SAN FRANCISCO, Sept. 18.-The past week az
forded various and important topics for discus
sion by the public Indsed, unexpected and
important were some of them that il is great
surprise that commercial affairs were not seri-
eusly disturbed, as ,they undoubtedly would
have been under similar circumstances in al
most any Eastern city. The first event of note
occurred on Monday, when Governor Washing
ton Bartlett departed this life at Oak
land where he had been lying in a pre-
carious condition for several weeks. The
deceased was Democrat and his demise
brings into the Office of chief magistrate
of California r. ". Waterman. Republican. a
man acknowledged to be endowed with honesty
and large quantity of common sense, but hav
ing little acquaintance with the amenities and
proprieties of official life He has already inti
mated, in his inaugural address, his favorable
view of civil-service laws, and it is believed he
will make no sudden changes in Offices to which
he has the appointive power. IL is understood.
however. that he will place Republicans in all
such offices as fast as the terms of the Demo
cratic incumbents expire. He has the
fullest confidence of tho whole State
and the regret expressed over the death
of Governor BARTLETT is purely for
the No similar expression is heard re-
gardipg the change of political administration
brought about by his decease, Notwithstanding
that such change at this time will materially
affect the result this State of the presidential
election next year. Governor Waterman will
hold his Office until Jan. l, 1891.
Next in order came the announcement of a
change in the management OF the Nevada Bank.
The reconciliation between James Fair and j.
w. Mackay led to numerous surmises to
what it portended, but mons were bold enough
to guess that Fair would again throw his
fortune III with the Nevada Bank people. He has
done SO. however, and now the street il busy
striving to discover the motive for his
epemy's head. Some credit him with purely
selfish motives. claiming that he has bought into
the bank and secured control OF it on very ad-
vantageous terms. Others, again, say that he
recognized the peculiarly opportune time for
getting into the bank and concentrating plan
eventually, out of it. Whatever the cause for
his action may be. it is certain that ha sees
his way clear to come out ahead with large
gains He came to the rescue in the
is stated to be one and half million of dollars.
and it was placed in the vanlts of the bank
when most sorely needed. Not hour had
elapsed when the cash he had invested was
called into service to pay a large claim on the
bank The incident was most dramatic in it's
is difficult TO tell what the consequence would
have been. This feat on the part of the Nevada
Bank people is to rank with the performance of
the shrewd bank teller vino, during run on his
bank. heated several trays of coin to give his
customers the impression that the bank was re-
ceiving its resources fresh from the mint in un-
limited quantities. There never was any doubt
of the solvsncy of the bank, but ready cash was
not plentiful with it lately. and it is known that
Flood had been disposing OF personal securities
and trying sell real estate in this city in order
to keep pace with the demand for cash recently
made on the bank.